Getlink : A strong Q3 despite headwinds
>Sales 4% above market expectations - After the publication of shuttle traffic data for Q3 2024, Getlink has published Q3 sales of € 475m, down only -0.4% vs Q3 2023 (above our forecast for € 447m and 4% above the consensus at € 457m). Sales stand at € 1,283m for 9M, namely -9%.With light vehicle traffic at the Q3 2023 levels and +2% for HGVs, shuttle sales were 1% above Q3 2023 despite the price war with ferries and the decline in EVA for HGVs. Rail sales were ...Getlink SE, formerly known as Groupe Eurotunnel SE, is a France-based company, which brings together a group of companies active in the fields of infrastructure management and transport operations. Its various entities share the attention to quality and customer service, with priority given to safety. The Company manages and operates the Channel Tunnel between the United Kingdom and France and its railway infrastructure. The Company is also engaged in the passenger and freight transport between continental Europe and the United Kingdom. In addition, it provides ferry transport through the Channel. Getlink SE has direct and indirect stakes in a number of companies, including The Channel Tunnel Group Limited, France Manche SA and Europorte SAS, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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